AT&T (NYSE:T) Price Target Raised to $24.00 at Barclays

by · The Cerbat Gem

AT&T (NYSE:T – Free Report) had its target price lifted by Barclays from $22.00 to $24.00 in a research note released on Thursday, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other analysts have also issued reports on T. Tigress Financial lifted their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Wells Fargo & Company upped their price objective on AT&T from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a report on Monday, September 16th. Finally, Daiwa America raised shares of AT&T to a “hold” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.40.

View Our Latest Analysis on T

AT&T Stock Up 0.0 %

NYSE T traded up $0.01 during trading hours on Thursday, hitting $22.21. The company had a trading volume of 4,160,819 shares, compared to its average volume of 35,608,352. The firm’s 50 day moving average is $21.09 and its 200 day moving average is $19.06. The company has a market capitalization of $159.25 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 3.67 and a beta of 0.60. AT&T has a fifty-two week low of $14.74 and a fifty-two week high of $22.58. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66.

AT&T (NYSE:T – Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The business had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same period in the previous year, the company posted $0.64 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts anticipate that AT&T will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.00%. The ex-dividend date is Thursday, October 10th. AT&T’s payout ratio is 63.79%.

Institutional Investors Weigh In On AT&T

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MONECO Advisors LLC lifted its holdings in shares of AT&T by 13.9% during the 3rd quarter. MONECO Advisors LLC now owns 44,122 shares of the technology company’s stock valued at $971,000 after buying an additional 5,387 shares during the last quarter. Diversify Advisory Services LLC grew its position in AT&T by 23.0% in the third quarter. Diversify Advisory Services LLC now owns 66,682 shares of the technology company’s stock worth $1,434,000 after acquiring an additional 12,490 shares in the last quarter. Integrated Advisors Network LLC raised its holdings in shares of AT&T by 2.5% during the 3rd quarter. Integrated Advisors Network LLC now owns 84,748 shares of the technology company’s stock valued at $1,864,000 after purchasing an additional 2,061 shares in the last quarter. Legacy Wealth Management Inc lifted its stake in shares of AT&T by 4.5% in the 3rd quarter. Legacy Wealth Management Inc now owns 93,368 shares of the technology company’s stock valued at $2,054,000 after purchasing an additional 4,010 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in AT&T by 41.5% in the third quarter. Fortitude Family Office LLC now owns 59,656 shares of the technology company’s stock worth $1,312,000 after purchasing an additional 17,502 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

About AT&T

(Get Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

Featured Articles